Canada

PSAC boosts 2017 drilling forecast 60%, service rates rise more slowly

PSAC boosts 2017 drilling forecast 60%, service rates rise more slowly

3,320 wells to be drilled in Alberta, up from 1,900 wells in the original PSAC forecast The Petroleum Services Association of Canada (PSAC) announced a revision of the forecasted number of wells drilled across Canada for 2017 to 6,680 wells, according to a press release. That’s an increase of 2,505 wells and a 60 per cent […]

Minister Carr launches ‘Generation Energy’ dialogue for Canadian energy path

Minister Carr launches ‘Generation Energy’ dialogue for Canadian energy path

Information will be used to design an approach focused on innovation, jobs and affordable energy Energy plays an important role in the daily lives of Canadians. It powers our homes, keeps us connected and takes us where we want to go, according to Minister of Natural Resources Jim Carr in a press release. The way Canada delivers […]

Fewer natural gas companies operating in western Canada – NEB

Fewer natural gas companies operating in western Canada – NEB

Total natural gas production in 2009 and 2016 was almost the same New technology has reshaped the upstream oil and gas sector. In 2009, over 600 companies operated natural gas production wells in western Canada, according to the National Energy Board. In 2016, that number had fallen to less than 500 operators despite total natural gas […]

TransAlta board approves plan to accelerate transition to clean power in Alberta

TransAlta board approves plan to accelerate transition to clean power in Alberta

TransAlta expects federal, provincial regulations will be adopted to facilitate coal-to-gas conversions TransAlta Corporation announced its board of directors approved a strategy to accelerate the transition of the company to gas and renewables generation, according to a press release. This strategy includes: retirement of Sundance Unit 1 effective Jan. 1, 2018; mothballing of Sundance Unit 2 […]

New online portal gives Canadians access to traffic data for NEB-regulated pipelines

New online portal gives Canadians access to traffic data for NEB-regulated pipelines

Some companies are exempt from filing pipeline traffic data The National Energy Board (NEB) is launching an interactive online tool that provides Canadians with information on what products are moving through NEB-regulated pipelines. The Pipeline Portal provides easy-to-use information on what has been shipped on most large NEB-pipelines since 2006. Where available, data is provided […]

BP oilsands assets, Sunrise, Pike Terre de Grace stakes may be sold – sources

BP oilsands assets, Sunrise, Pike Terre de Grace stakes may be sold – sources

BP oilsands sale may lead to Permian Basin buys Reuters sources say BP Plc may sell its stakes in three Alberta oilsands projects. The possible BP oilsands sales would allow the multi-national oil giant to focus on its core business in Egypt, Azerbaijan, the Gulf of Mexico, the North Sea and Trinidad in the coming […]

By April 20, 2017 2 Comments Read More →
Syncrude maintenance: Oilsands project to run at lower rates through June

Syncrude maintenance: Oilsands project to run at lower rates through June

Syncrude maintenance and fire repair to be finished by end of June Production at Syncrude was completely shut down in April after a fire damaged the facility that forced the Alberta oilsands producer to begin its maintenance schedule early. Majority owner Suncor Energy said in a press release on Wednesday that May and June production at […]

By April 20, 2017 0 Comments Read More →
Loblaws gas stations to be sold to Brookfield Business Partners LP

Loblaws gas stations to be sold to Brookfield Business Partners LP

Loblaws gas station sale valued at $540 million Loblaws gas stations across Canada will be sold for about $540 million to asset manager Brookfield Business Partners LP. The announcement by the Canadian grocery and pharmacy retail giant came on Wednesday. According to Brookfield, the gas stations will be rebranded through an agreement with Imperial Oil Ltd, […]

By April 20, 2017 0 Comments Read More →
Natural gas plays an important role in Alberta’s oil sands – NEB

Natural gas plays an important role in Alberta’s oil sands – NEB

Disruptions to oil sands operations can strongly impact natural gas prices Alberta’s oil sands operations currently account for more than 25 per cent of Canadian natural gas demand, according to the National Energy Board. From 2005 to 2016, natural gas purchased by oil sands projects more than tripled, from 0.73 billion cubic feet per day (Bcf/d) to nearly […]

Canada’s power generation: switching from coal to natural gas

Canada’s power generation: switching from coal to natural gas

Projected decline in coal use is attributed to coal-powered plant phase-out in Alberta The greenhouse gas (GHG) intensity of Canadian electricity generation has been declining, according to the National Energy Board. Currently, two main fossil fuels are used to generate electricity in Canada: coal and natural gas. Coal is almost two times more GHG intensive […]